$ADA /USDT Trading Analysis and Signal

Cardano ($ADA ) is showing a strong recovery after hitting a 24-hour low of $0.7400 and currently trading at $0.7655, up +3.06%. The 24-hour high of $0.8213 indicates strong resistance, while the low at $0.7400 shows key support.

Trade Signal

Entry: Buy around $0.7650 - $0.7700

Target 1: $0.7925

Target 2: $0.8070

Stop Loss: $0.7470

Analysis & Strategy

ADA is currently stabilizing after a pullback, with increasing volume indicating potential for another upward move. The 15-minute chart suggests that if ADA breaks above $0.7776, it could push toward the $0.7925 - $0.8070 range. Traders should set a stop loss at $0.7470 to protect against unexpected dips. Volume and trend strength will be key indicators for momentum confirmation.

This setup presents a good risk-reward ratio, making it a promising opportunity for short-term traders.#LAYEROnBinance #LTC&XRPETFsNext? #BNXBreakthrough #BTCStateReserves #writetoearn $ADA